A Business at a Glance
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PITNEY BOWES INC /DE/
PBI
$3.1B
Mkt Cap
$17.88
+0.17%
PITNEY BOWES INC /DE/ (PBI) has a current P/E ratio of 21.3, compared to its historical median P/E of 9.1. The stock is currently considered Expensive based on its historical valuation range.
PITNEY BOWES INC /DE/ (PBI) has a 5-year average return on invested capital (ROIC) of 0.5%. This is below average and may indicate limited pricing power.
PITNEY BOWES INC /DE/ (PBI) has a market capitalization of $4.8B. It is classified as a mid-cap stock.
Yes, PITNEY BOWES INC /DE/ (PBI) pays a dividend with a trailing twelve-month yield of 1.10%. The company also returns capital through share buybacks, with a buyback yield of 10.32%.
Based on historical P/E analysis, PITNEY BOWES INC /DE/ (PBI) appears expensive. The current P/E of 21.3 is 134% above its historical median of 9.1. The estimated fair value CAGR (P/E method) is -7.8%.
PITNEY BOWES INC /DE/ (PBI) operates in the Office Machines, Nec industry, within the Technology sector.
PITNEY BOWES INC /DE/ (PBI) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Forward-Looking Statements This Annual Report on Form 10-K (Annual Report) contains statements that are forward-looking. We believe that these forward-looking statements are reasonable based on our current expectations and assumptions. However, we caution readers that any forward-looking statement within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 are subject to risks and uncertainties and actual results could differ materially. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend" and similar expressions may identify such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 2.0B | 2.1B | 2.5B | 3.7B |
| Net Income | 167M | 145M | -204M | -386M | 37M | -1.4M |
| EPS | $0.62 | $0.84 | $-1.12 | $-2.20 | $0.21 | $-0.01 |
| Free Cash Flow | 379M | 317M | 157M | 2.0M | 92M | 117M |
| ROIC | 0.0% | 23.5% | -13.5% | -19.5% | 7.3% | 4.7% |
| Gross Margin | - | 55.1% | 52.4% | 49.6% | 48.8% | 30.5% |
| Debt/Equity | 0.00 | -2.64 | -3.54 | -6.25 | 41.61 | 22.70 |
| Dividends/Share | $0.20 | $0.30 | $0.20 | $0.20 | $0.20 | $0.20 |
| Operating Income | 0 | 294M | -248M | -268M | 170M | 85M |
| Operating Margin | 0.0% | 15.5% | -12.3% | -12.9% | 6.8% | 2.3% |
| ROE | 0.0% | -21.0% | 43.0% | 250.5% | 42.6% | -1.5% |
| Shares Outstanding | 270M | 172M | 182M | 175M | 176M | 135M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.8B | 3.6B | 3.0B | 2.8B | 3.2B | 3.2B | 3.6B | 3.7B | 2.5B | 2.1B | 2.0B | 1.9B | 1.9B |
| Gross Margin | 56.0% | 56.4% | 49.2% | 48.5% | 44.3% | 40.0% | 32.3% | 30.5% | 48.8% | 49.6% | 52.4% | 55.1% | N/A |
| R&D | 110M | 110M | 107M | 61M | 59M | 51M | 38M | 47M | 35M | 29M | 32M | 15M | 14M |
| SG&A | 1.4B | 1.3B | 1.1B | 1.0B | 1.0B | 1.0B | 963M | 924M | 786M | 782M | 718M | 622M | 589M |
| EBIT | 537M | 685M | 289M | 375M | 364M | 292M | -68M | 85M | 170M | -268M | -248M | 294M | 0 |
| Op. Margin | 14.1% | 19.2% | 9.7% | 13.5% | 11.3% | 9.1% | -1.9% | 2.3% | 6.8% | -12.9% | -12.3% | 15.5% | 0.0% |
| Net Income | 334M | 408M | 93M | 243M | 242M | 194M | -180M | -1.4M | 37M | -386M | -204M | 145M | 167M |
| Net Margin | 8.7% | 11.4% | 3.1% | 8.7% | 7.5% | 6.1% | -5.1% | -0.0% | 1.5% | -18.5% | -10.0% | 7.6% | 8.9% |
| Non-Recurring | 64M | 120M | 189M | 53M | 24M | 5.7M | 219M | 29M | 6.2M | 162M | 77M | 47M | 62M |
| Returns on Capital | |||||||||||||
| ROIC | 15.2% | 18.5% | 7.2% | 13.0% | 13.0% | 12.6% | -6.6% | 4.7% | 7.3% | -19.5% | -13.5% | 23.5% | 0.0% |
| ROE | 236.3% | 318.7% | 247.2% | 796.9% | 365.2% | 99.4% | -100.3% | -1.5% | 42.6% | 250.5% | 43.0% | -21.0% | 0.0% |
| ROA | 5.0% | 6.5% | 1.6% | 3.9% | 3.8% | 3.4% | -3.4% | -0.0% | 0.8% | -8.6% | -5.3% | 4.4% | 5.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 658M | 523M | 496M | 454M | 345M | 268M | 302M | 302M | 175M | 80M | 229M | 383M | 444M |
| Free Cash Flow | 475M | 356M | 337M | 336M | 207M | 131M | 197M | 117M | 92M | 2.0M | 157M | 317M | 379M |
| Owner Earnings | 443M | 329M | 307M | 303M | 175M | 86M | 124M | 118M | 48M | -41M | 98M | 258M | 320M |
| CapEx | 183M | 167M | 159M | 118M | 138M | 137M | 105M | 184M | 83M | 78M | 72M | 66M | 65M |
| Maint. CapEx | 198M | 173M | 174M | 127M | 148M | 159M | 161M | 163M | 111M | 113M | 114M | 112M | 109M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21M | 0 | 0 | 0 | 0 | 0 |
| D&A | 198M | 173M | 174M | 127M | 148M | 159M | 161M | 163M | 111M | 113M | 114M | 112M | 109M |
| CapEx/OCF | 27.5% | 32.4% | 32.4% | 33.9% | 40.2% | 51.2% | 34.8% | 61.0% | 70.9% | 97.5% | 31.6% | 17.3% | 14.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 152M | 150M | 141M | 139M | 140M | 35M | 34M | 35M | 35M | 35M | 36M | 51M | 53M |
| Dividend Yield | 5.0% | 5.7% | 6.5% | 8.3% | 11.3% | 5.1% | 6.1% | 3.9% | 5.6% | 6.0% | 3.6% | 3.0% | 1.1% |
| Share Buybacks | 50M | 132M | 197M | 0 | 0 | 105M | 0 | 0 | 13M | 0 | 0 | 378M | 499M |
| Buyback Yield | 1.6% | 5.2% | 10.6% | N/A | N/A | 19.4% | N/A | N/A | 2.4% | N/A | N/A | 20.6% | 10.3% |
| Stock-Based Comp | 17M | 21M | 15M | 24M | 21M | 23M | 17M | 21M | 16M | 8.9M | 17M | 14M | 15M |
| Debt Repayment | 600M | 516M | 371M | 965M | 570M | 930M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 2.1B | 2.3B | 2.5B | 2.8B | 2.5B | 1.9B | 1.8B | 1.8B | 1.8B | 1.7B | 1.6B | 1.8B | 1.8B |
| Cash & Equiv. | 1.0B | 640M | 765M | 1.0B | 867M | 924M | 921M | 732M | 668M | 600M | 470M | 285M | 314M |
| Long-Term Debt | 2.9B | 2.5B | 2.8B | 3.6B | 3.1B | 2.7B | 2.3B | 2.3B | 2.2B | 2.1B | 1.9B | 2.0B | 1.8B |
| Debt/Equity | 42.09 | 17.01 | -31.59 | 125.37 | 33.64 | 10.21 | 39.42 | 22.70 | 41.61 | -6.25 | -3.54 | -2.64 | 0.00 |
| Interest Coverage | 5.9 | 7.8 | 3.2 | 3.2 | 3.2 | 2.6 | -0.6 | 0.9 | 1.9 | -2.7 | -2.3 | 2.9 | 2.9 |
| Equity | 77M | 179M | -104M | 31M | 102M | 289M | 71M | 113M | 61M | -369M | -578M | -802M | -894M |
| Total Assets | 6.5B | 6.1B | 5.8B | 6.6B | 5.9B | 5.5B | 5.2B | 5.0B | 4.7B | 4.3B | 3.4B | 3.2B | 3.1B |
| Total Liabilities | 6.1B | 5.6B | 5.9B | 6.6B | 5.8B | 5.2B | 5.2B | 4.8B | 4.7B | 4.6B | 4.0B | 4.0B | 4.0B |
| Intangibles | 82M | 187M | 165M | 272M | 213M | 191M | 160M | 132M | 78M | 20M | 16M | 15M | 14M |
| Retained Earnings | 4.9B | 5.2B | 5.1B | 5.2B | 5.3B | 5.4B | 5.2B | 5.2B | 5.1B | 3.1B | 2.7B | 2.7B | 2.7B |
| Working Capital | 448M | 46M | -2.4M | 761M | 808M | 666M | 242M | 164M | 70M | 160M | -355M | -447M | -689M |
| Current Assets | 2.8B | 2.3B | 2.3B | 2.8B | 2.7B | 2.2B | 2.1B | 1.9B | 1.8B | 2.1B | 1.3B | 1.1B | 1.1B |
| Current Liabilities | 2.3B | 2.3B | 2.3B | 2.1B | 1.9B | 1.6B | 1.9B | 1.7B | 1.7B | 1.9B | 1.7B | 1.5B | 1.8B |
| Per Share Data | |||||||||||||
| EPS | 1.64 | 2.03 | 0.49 | 1.30 | 1.28 | 1.10 | -1.05 | -0.01 | 0.21 | -2.20 | -1.12 | 0.84 | 0.62 |
| Owner EPS | 2.18 | 1.64 | 1.62 | 1.62 | 0.93 | 0.48 | 0.72 | 0.87 | 0.27 | -0.24 | 0.54 | 1.50 | 1.19 |
| Book Value | 0.38 | 0.89 | -0.55 | 0.16 | 0.54 | 1.64 | 0.41 | 0.83 | 0.34 | -2.10 | -3.18 | -4.66 | -3.31 |
| Cash Flow/Share | 3.24 | 2.60 | 2.62 | 2.42 | 1.82 | 1.52 | 1.76 | 2.23 | 1.00 | 0.46 | 1.26 | 2.22 | 1.02 |
| Dividends/Share | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.30 | 0.20 |
| Shares Out. | 203.5M | 200.9M | 189.3M | 187.3M | 188.9M | 176.6M | 171.8M | 135.1M | 175.9M | 175.3M | 181.8M | 172.3M | 270.3M |
| Valuation | |||||||||||||
| P/E Ratio | 9.1 | 6.2 | 20.1 | 5.5 | 3.5 | 2.8 | N/A | N/A | 15.2 | N/A | N/A | 12.7 | 28.9 |
| P/FCF | 6.4 | 7.1 | 5.5 | 4.3 | 4.0 | 4.1 | 3.8 | 6.4 | 6.1 | 357.9 | 8.1 | 5.8 | 12.8 |
| EV/EBIT | 10.3 | 7.6 | 16.1 | 11.9 | 9.3 | 7.7 | N/A | 27.8 | 16.3 | N/A | N/A | 18.4 | N/A |
| Price/Book | 39.3 | 14.2 | N/A | 7.6 | 8.2 | 1.9 | 10.7 | 6.7 | 9.2 | N/A | N/A | N/A | N/A |
| Price/Sales | 0.8 | 0.7 | 0.6 | 0.5 | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.5 | 0.9 | 2.6 |
| FCF Yield | 15.6% | 14.0% | 18.0% | 23.4% | 24.7% | 24.2% | 26.0% | 15.7% | 16.5% | 0.3% | 12.3% | 17.3% | 7.8% |
| Market Cap | 3.0B | 2.5B | 1.9B | 1.4B | 837M | 540M | 756M | 750M | 560M | 709M | 1.3B | 1.8B | 4.8B |
| Avg. Price | 15.02 | 13.17 | 11.43 | 8.98 | 6.59 | 3.94 | 3.30 | 6.54 | 3.55 | 3.37 | 5.48 | 9.88 | 17.88 |
| Year-End Price | 14.93 | 12.65 | 9.86 | 7.65 | 4.43 | 3.05 | 4.40 | 5.55 | 3.18 | 4.05 | 7.02 | 10.65 | 17.88 |
PITNEY BOWES INC /DE/ passes 3 of 9 quality checks, indicating weak fundamentals.
PITNEY BOWES INC /DE/ trades at 21.3x trailing earnings, compared to its 15-year median P/E of 9.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 8.5x vs a median of 5.5x. The company's 5-year average ROIC is 0.5% with a gross margin of 47.3%. Total shareholder yield (dividends + buybacks) is 11.4%. At current prices, the estimated annualized return to fair value is -9.8%.
PITNEY BOWES INC /DE/ (PBI) has a net profit margin of 7.6%. This is a modest margin.
PITNEY BOWES INC /DE/ (PBI) generated $317 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PITNEY BOWES INC /DE/ (PBI) reported earnings per share (EPS) of $0.84 in its most recent fiscal year.
PITNEY BOWES INC /DE/ (PBI) has a return on equity (ROE) of -21.0%. A negative ROE may indicate losses or negative equity.
PITNEY BOWES INC /DE/ (PBI) has a 5-year average gross margin of 47.3%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for PITNEY BOWES INC /DE/ (PBI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PITNEY BOWES INC /DE/ (PBI) has a book value per share of $-4.66, based on its most recent annual SEC filing.
No recent press releases.